Some buyers are so busy coordinating the details of their move that they opt to skip the final walk-through. Here are some reasons why you want to prioritize this in your countdown to moving day
3 Questions To Ask Your Lender
Whether this is your fist home purchase or your fifth, it is important to have a set of basic questions to ask your mortgage lender. Here are a few things you should be ready to ask any lender you are thinking about working with.
1. What are your fees?
Knowing how loan companies make their money is important in understanding how much a mortgage will cost you.
2. What programs do you have?
Many lenders including banks, mortgage brokers and credit unions offer different types of mortgages: VA, FHA, fixed rate, adjustable rate, rural housing, rehab, low down payment, and more are programs you can take advantage of that not all lenders may offer. Some local loans may also be available in your area so be sure to ask your lender.
3. When can I lock in my rate?
Interest rates fluctuate and can change from the time you are initially approved to the tie you close on your loan. Knowing when the rate is locked in is key to calculating the final cost of your mortgage.
If you aren't already working with a lender and you have more questions about obtaining a loan and what you can qualify for, I would highly recommend calling Tim Halverson first. Tim is the Branch Manager of the Primary Residential Mortgage in Folsom. He has years of experience, offers a variety of programs, and will always take the time to slow down and explain the lending process!
C: (916) 812-1500
I understand that buying a home can often times be one of the biggest financial decisions of a person's life. Not only can the whole process seem stressful, emotional, and time consuming, but if you a....